Cal. Code Regs. tit. 2 § 1101.9
Current through Register 2024 Notice Reg. No. 41, October 11, 2024
Interest expense during the construction period on money borrowed to finance the construction shall be capitalized. Interest expense after the facility is placed into service is an operating expense.
When a single bond issue finances several projects which will be completed in stages, the interest applicable to each during its period of construction must be determined.
Cal. Code Regs. Tit. 2, § 1101.9